Starbucks M'sia's Parent Company Grapples with Financial Downturn, Reporting a Net Loss of RM91.5MIL

📆 28/08/2024 12:08:00
📰 WORLDOFBUZZ

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The Malaysian economy has faced several challenges in recent years, impacting businesses across the board. One example is the parent company of Starbucks

Malaysia, which has been grappling with a financial downturn.

They also reported a revenue of RM730.30 million and a pre-tax loss of RM87.34 million, down from last year’s revenue of RM1.12 billion and a pre-tax profit of RM148.73 million. The company’s revenue took a big hit, dropping 34.56% from RM1.1 billion last year to RM730.3 million in FY24.

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